Short

EUR/NZD: What's next? Check it out !

Updated

Hi guys,

The pair is following a bearish direction, as you can see in my chart.

It is clearly visible that the median line (in red) fits perfectly with the price and I am looking now for the price to break this structure to the downside.

I will enter upon a pullback in the channel zone and will target the bottom of the pitchfork.

It's a 50+-pip trade !

Trade with care guys.

As always, if you appreciate my work please like/comment my ideas!

Cheers

Jesse

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EUR/NZD fell sharply.

Currently monitoring the pair for my short trade

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H1: Tenkan Sen (TS) + Kijun Sen (KS) just crossed, it's super bearish

Will short the pair when spreads will be normal in about an hour.

*** Always trade with care and at your own risk ***

Trade active

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I will exit @ 1.79010

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shorting again at these levels

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Still in the trade

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My new target, given the spread is 1.79100

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Hi guys,

The pair is ranging in this channel, the structure has changed.

The target remains unchanged but it looks like there is this parallel channel in play now.

Trade with care.

Cheers

Jesse

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Ok guys, so basically we are now in a consolidation with a horizontal channel.

The idea is to wait for a breakout to the downside and target the bottom of the channel around 1.79750.

This zone is an important one since it's also the bottom of the Daily KUMO. So it should act as a support.

Will update this trade next week.

Happy Easter guys!

Jesse

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Typo mistake.... It is 1.78750 sorry

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M15 VIEW

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Hi guys,

Updating my idea on a new brand chart! Check it out

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